Wednesday, January 31, 2018 10:49:01 AM
But for those monitoring the PPS action over the last 3 months there have been a number of events that one might expect to have a more noticeable day to day or month to month impact on the PPS...
- Institutional fiscal year close
- Institutions dumped shares
- Institutions added shares
- Year end tax selling
- Tax reform bill that will lead to repatriation of Billions in Pharma
- Rallies in IBB and XBI
- Canine approval (proof of concept)
- Pending EU submission
- Pending launch of NEO partnership w/Amgen
- Preliminary anal results
- Request for authorization of additional 30M shares
- Dwindling cash position
- Pending CMO hire, possible CEO hire
- Etc
Many of those events could be spun as negative or positive, and typically in most stocks from Qtr to Qtr, one group or another will try to push their agenda on a stock and retail will follow that lead.
But here in ADXS no matter what the PPS remains locked down. It doesn't rise and it doesn't collapse. It just treads water.
My point isn't whether this is Good, Bad, or Indifferent. My point is that a much bigger fish has a plan, and when they are ready they will release their vise like grip on the PPS. I am not sure what will happen but I am curious to see how it unfolds.
We can certainly agree to disagree. No problems.
Recent ADXS News
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